NOT LISTED FOR SALE

1047 Reserve Way Indianapolis, IN 46220

Broad Ripple Neighborhood

Estimated Value: $259,470 - $326,000

2 Beds
1.5 Baths
1,037 Sq Ft
$230/mo HOA Fee

Last Sold August 15, 2017

Last sale price $191,250 $184 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,308/month

11 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • Corner Lot
  • Home fronts a pond
  • Wood Flooring
  • Hiking Trails

About This Home

As of August 2017

Come reserve your new home with this wonderful 2 bedroom 1.5 bath condo located in The Reserve at Broad Ripple! Sitting squarely in the middle of the pool, the pond and the Monon, this condo boasts hardwood floors, open floor plan, water view, finished room in basement, over-sized windows, and a balcony off of the master bedroom! Come take a look today!

Last Agent to Sell the Property

Jeremy Tritch

Dropped Members License #RB14047073 Listed on: 07/14/2017

Dropped Members

Last Buyer's Agent

Christine Freiman

Asset One Real Estate Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,616

Year Built

  • Built in 2005

Lot Details

  • Home fronts a pond

HOA Fees

  • $230 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Thermal Windows
  • Formal Dining Room
  • Finished Basement
  • 9 Foot Basement Ceiling Height

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Built-In Microwave
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Security Deposit $1,650
  • Property Available on 7/24/17
  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 490336123130000801

Community Details

Overview

  • Association fees include home owners, insurance, ground maintenance, maintenance
  • Reserve At Broad Ripple Subdivision
  • Property managed by KMC

Recreation

  • Community Pool
  • Hiking Trails

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,616

Year Built

Built in 2005

Lot Details

0

HOA Fees

$230 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2016
  • Year Built: 2005
  • Building Area Total: 1337
  • Garage Y N: Yes
  • Lot Size Acres: 0.054
  • Subdivision Name: Reserve At Broad Ripple
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Floor Number: 1
  • Unit Entry Level: 1
  • MBR_AttributionContact: JEREMY.TRITCH@TALKTOTUCKER.COM
  • Active Open House Count: 0
  • Special Features: None

Interior Features

  • Common Walls: End Unit
  • Basement: Yes
  • Basement Type: Ceiling - 9+ feet, Finished
  • Appliances: Dryer, Disposal, Microwave, MicroHood, Gas Oven, Refrigerator, Washer, Electric Water Heater
  • Levels: Two
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 270
  • Fireplace Features: None
  • Furnished: Unfurnished
  • Interior Amenities: Walk-in Closet(s), Storms Complete, Windows Thermal, Wood Work Painted, Breakfast Bar, Bath Sinks Double Main
  • Living Area: 1037
  • Main Level Bedrooms: 2
  • Other Equipment: Smoke Alarm
  • Owner Pays: Taxes
  • Areas Interior: Laundry in Unit
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 1037
  • Basement Half Bathrooms: 1
  • Main Half Bathrooms: 0
  • Upper Level Sq Ft: 0
  • Rooms Basement: 0
  • SqFt Total: 1337

Exterior Features

  • Construction Materials: Brick
  • Disclosures: Not Applicable
  • Exterior Features: Balcony
  • Foundation Details: Block
  • List Price: 209900
  • Patio And Porch Features: Open Patio
  • Pool Features: Below Ground, Community, Association
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

  • Utilities: Cable Connected, Gas
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 230
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Pets Allowed: W/Approval
  • Management Company Name: KMC

Fee Information

  • Association Fee Includes: Association Home Owners, Insurance, Insurance, Maintenance Grounds, Maintenance

Lot Info

  • Lot Features: Corner Lot, On Trail
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Lot Size Sq Ft: 2335
  • Parcel Number: 490336123130000801
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Available Date: 2017-07-24
  • Tenant Pays: All Utilities
  • Min Lease Req: 12
  • Security Deposit: 1650
  • Smoking: No

Tax Info

  • Tax Annual Amount: 3616
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 1808
  • Tax Exemption: Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Aug 15, 2017
Sold by
Newman Don
Bought by
Warwick Sara
Seller's Agent
Jeremy Tritch
Dropped Members
Buyer's Agent
Christine Freiman
Asset One Real Estate Company
List Price
$209,900
Sold Price
$191,250
Premium/Discount to List
-$18,650
-8.89%
Current Estimated Value
$295,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,368
Avg. Annual Appreciation
5.78%

Purchase Details

Closed on
Jan 19, 2007
Sold by
1047 Llc
Bought by
Newman Don and Newman Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2005
Sold by
Pittman Steve
Bought by
1047 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Warwick Sara $191,300 --
Warwick Sara $191,250 Title Services, Llc
Newman Don -- None Available
1047 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newman Don $161,000
Previous Owner Newman Don $174,000
Previous Owner Newman Don $21,750
Previous Owner 1047 Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $191,250 -8.9% $184 / Sq Ft
07/14/2017 07/14/17 For Sale $209,900 0.0% $202 / Sq Ft
04/13/2015 04/13/15 Rented $1,650 -8.3% --
04/13/2015 04/13/15 Under Contract -- -- --
03/03/2015 03/03/15 For Rent $1,800 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,620 $223,600 $26,700 $196,900
2023 $5,620 $234,800 $26,800 $208,000
2022 $5,145 $215,600 $26,700 $188,900
2021 $4,446 $190,600 $26,500 $164,100
2020 $4,419 $188,700 $26,400 $162,300
2019 $4,425 $185,400 $26,500 $158,900
2018 $4,710 $195,700 $26,500 $169,200
2017 $3,860 $179,600 $26,400 $153,200
2016 $3,662 $174,000 $26,300 $147,700
2014 $3,736 $172,800 $26,900 $145,900
2013 $1,912 $181,300 $27,100 $154,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jeremy Tritch

    Dropped Members

    Section Image

  • C

    Buyer's Agent in 2017

    Christine Freiman

    Asset One Real Estate Company

  • C

    Buyer's Agent in 2015

    Christine Dossman

    CENTURY 21 Scheetz

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21500273

MIBOR Broker Listing Cooperative®

APN: 49-03-36-123-130.000-801

Indiana Marion County Indianapolis 46220 Broad Ripple

1047 Reserve Way, Indianapolis, IN

This home is located at 1047 Reserve Way, Indianapolis, IN 46220 since 14 July 2017 and is currently estimated at $295,618, approximately $285 per square foot. This property was built in 2005. 1047 Reserve Way is a home located in Marion County with nearby schools including James Whitcomb Riley School 43, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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